国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Tycoon to buy Israeli satellite operator

By LYU CHANG (China Daily) Updated: 2016-08-26 07:57

Tycoon to buy Israeli satellite operator

Chinese tycoon Wang Jing waves after attending a media conference in Managua, Nicaragua, December 23, 2014. [Photo / VCG]

A company owned by Chinese tycoon Wang Jing is taking over an Israeli satellite operation firm for $285 million.

Wang said the deal is expected to help Beijing Xinwei Telecom Technology to access "scarce resources" in outer space, as the number of available positions on some satellite orbits is falling.

Wang is known for his plan to build a $50 billion canal project spanning Nicaragua, connecting the Atlantic and Pacific Oceans.

Beijing Xinwei is to acquire a 100 percent stake in Spacecom Satellite Communications through its unit Luxembourg Space Telecommunications, the technology company said in a statement on Wednesday.

"After the acquisition, we will be able to provide services to 95 percent of the world's people and gain a professional team with 20 years' experience in satellite operations," the statement said.

A researcher at the China Academy of Space Technology, who declined to be named, said this makes Xinwei the first private company to acquire scarce orbit resources in an industry that is highly controlled and run mainly by the military.

"This access is a really valuable asset, because the number of available slots on high Earth orbits is quite limited, and only a few permits are granted each year to countries around the world for the launch of satellites," the researcher said.

High Earth orbit refers to an orbit around the Earth at an altitude higher than 36,000 km.

"The United States and Russia dominate the satellite market in terms of manufacturing and operating, and this deal will unlock the potential for Chinese satellite companies," the researcher said.

The deal is not the first foray for Beijing Xinwei, which specializes in mobile network development and space industry products.

In 2013, the company launched a satellite, jointly developed with Tsinghua University, aimed at providing a cheaper alternative to foreign satellite communication providers in China's ocean and desert areas.

Founded in 1989, Spacecom operates AMOS, a series of Israeli communications satellites.

The company presells services and capacity to customers including broadcasters, telecom providers, communications companies and government agencies. The satellites it controls cover the Middle East, Central Europe, Asia and Africa.

Spacecom is also building an Amos 6 satellite for Facebook to provide broadband services directly to mobile phones.

Zhao Lei contributed to this story.

Hot Topics

Editor's Picks
...
万山特区| 临安市| 柳江县| 宁南县| 平远县| 蕉岭县| 泰宁县| 陵川县| 个旧市| 遂平县| 卢湾区| 镇原县| 兴业县| 武川县| 红河县| 东乡县| 南宫市| 台山市| 晋州市| 平远县| 辽中县| 那坡县| 彩票| 邓州市| 昌吉市| 黎川县| 云南省| 青冈县| 揭阳市| 苗栗市| 尚志市| 仙桃市| 曲水县| 河津市| 漳浦县| 崇州市| 东乡族自治县| 墨竹工卡县| 依兰县| 鄂州市| 大邑县|